Reply
New Member
shakeitup
Posts: 4
Registered: ‎11-23-2011
0

Denied: Starwood Preferred Guest Credit CardSM from American Express.

Need some advice on whether I should pursue further....

 

"On December 09, 2011, your FICO score was 743."

 

The following are the key factors that contributed to your FICO score:

Proportion of revolving balances to revolving credit limits is too high. (Current report did not reflect I paid down balance to 20%)

Too few accounts currently paid as agreed. (I only had 1 credit card at the time.  My new Apple Barclays Visa just started reporting today)

Lack of recent installment loan information. (CU just started reporting the installment loan I just took out)

Too many accounts with balances. (i only had one.)

 

Should I go for a recon or just bite the bullet for now and 'garden' on this option? 

 

On another note, i received those "preselected approvals" for a Amex Gold and Zync .. should I hold off on applying for those or can I blast forward?

 

Thanks for any advice!

 

 

 

 

 

Senior Contributor
john398
Posts: 3,522
Registered: ‎01-19-2009
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.

Always Recon you already took a hit  on the credit

Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.


john398 wrote:

Always Recon you already took a hit  on the credit


+1

 

Nothing to lose, everything to gain.

 

Best of Luck!


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Contributor
redwalker2929
Posts: 118
Registered: ‎12-01-2010
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.

Definitely call for recon.  Explain that the balance is paid down and just didn't report yet.  Hold your ground and be well prepared.

 

Good luck!!!  I have ALWAYS had good luck!!


Discover More- $4000 Lake Michigan C.U. $4500-6.9%
Amex blue cash-$1000 Amex Delta -$5000 Cap One $6500
Amex Starwood-$2000 Amex Costco-$1200
Chase Freedom$3000 Chase Sapphire Preferred-$5000
BoA- Spirit WORLD MC-$ 5000 BoA-power rewards $2500
PayPal Extras MC $1500
Ex:655,EQ:674,TU:647- (all FICO)Low due to 60% Utilization
Valued Contributor
tntexans72
Posts: 1,071
Registered: ‎04-24-2008
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.

What is your AAoA?

Any baddies?

Epic Contributor
Creditaddict
Posts: 21,686
Registered: ‎10-23-2007
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.

you can recon but most likely they are going to be looking at the same report that wasn't update dwhen you applied... I would go ahead and apply for the Gold or the Zync, whichever you like more and then maybe if that is approved call and ask for recon for the credit card and maybe, just maybe they will use the new credit report from charge card application to review credit card!

Fico Scores: EQ- 653 Cap1., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
65 Cards and Counting :smileytongue:
Valued Contributor
tntexans72
Posts: 1,071
Registered: ‎04-24-2008
0

Re: Denied: Starwood Preferred Guest Credit CardSM from American Express.

I think your AAoA could be holding you back. Your score is not the problem but Amex wants a little more.

2 yrs of AAoA and 2 cards open and reporting at least 1yr, 2 would be better if you want an Amex revolving CC.

Zync is always a possibility and ppl have had great success getting in the door that way.

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}